When Avolon completes its acquisition of CIT Group’s aircraft leasing unit it will create the world’s third largest aircraft leasing business. Photo: Edward Wong

HNA’s Avolon to buy CIT plane-leasing business for US$10 billion

Deal to be completed in the first quarter, and is expected to create the world’s third largest aircraft leasing business

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When Avolon completes its acquisition of CIT Group’s aircraft leasing unit it will create the world’s third largest aircraft leasing business. Photo: Edward Wong
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